GBPNZD reversal?

Bullish:Currently we are @ 1.9172 after completing a 5 wave move to the downside. We are looking for a continuation initially to the Square up @ 1.9507. Look for a pullback there. The average daily true range (ATR) for the pair currently is only 115 pips but its 180-day ATR is 181 pips a day.